Northern Beaches Clearance Rate 14% Higher than Sydney Average

Talk to us anytime about the current property trends on the northern beaches.

There has been much talk in the media about an over supplied and overheated, Sydney property market. Much of this is speculation and what we are seeing here on the Northern Beaches is the usual increase in properties for sale in spring.

At Doyle Spillane we are finding that we still have a very healthy database of buyers who have missed out on recent sales, but continue to search for their dream home in our area. Currently, local sales are strong, but as always we like to encourage our Clients to have reasonable expectations for the sale of their property. The future is always unknown so both buyers and sellers need to be prepared for the market in coming months to perhaps be not quite as bullish as we have seen over the last 12months.

Kathryn Welling, a News Corp property journalist, wrote an interesting article this week on what is currently happening with property sales on the Northern Beaches.

Results for the very busy second weekend in October, “According to CoreLogic RP Data, Sydney scored an auction clearance rate of 73.38 per cent. However the northern beaches had a massive 88.24 per cent clearance rate – far higher than the rest of Sydney.”

“In fact for the past nine out of 10 weeks the auction clearance rate for the northern beaches has tracked higher than Sydney’s. And in early August the northern beaches scored a 94 per cent clearance rate, compared to 80 per cent for Sydney generally.”

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